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the ever looming fiscal cliff. u.s. house speaker john boehner said he'd pursue a deal with president obama that would include higher taxes under quote/unquote the right conditions to help reduce the country's looming fiscal cliff. and just when new york city thought it was all over, a nor'easter has smacked the tri-state area overnight. dumping inches of snow over some of hurricane sandy's hardest hit areas. wind and heavy snow have brought down power lines and electrical wires and thousands who lost power because of the last storm just lost it all over again. the storm brought the city to a virtual stand still last night. clean up crews have been working, though, to remove snow and clear the streets. we'll keep you posted on how that is doing as we look forward to the u.s. market opening today. coming up next, though, china's new leader will soon be revealed as the communist party's 18th national congress gets under way, but what does the transition mean for relations with europe? >>> hu jintao calls on china's next leaders to stamp out corruption and nir row the income gap as the communi
their decision to let the bush tax cuts on high income earners expire. what we heard from john boehner, the house speaker earlier this week, sort of conflicting remarks on whether p ares would be open to tax increases. the day after the election, he said that revenue increases might be a possibility, but then in interview yesterday, he said basically we're not open to tax increases. so it will be interesting to see how much of a focus the president puts on the issue of revenue increases in his remarks today. >> what impact has the election had on the hard liner republicans? has it made them more malleable? >> it certainly looks like it has early on here. the tone in washington is we lost the election, mitt romney did not win, the american people have spoken. we have to work with this president the next four years and that's different than what we've seen the last year and a half which is we want to do everything we can to make this president a one term president. now that that's not going to happen, republicans don't have much choice, they have to work with this president and the tone here is ver
'll play their hand i think to their full advantage. >> what kind of hand does john boehner have? where sg it leave him and his ability to control the tea party wing? >> it actually puts skron boehner in a good position because during the debt ceiling talks last year, he had a lot of push back from the very far right of his party in the house. the tea party caucus, for example. this time around we won't see the same dynamic at all because the tea party caucus and far right have lost a lot of political capital in light of the election. so what we've already seen is speaker boehner talking to republicans in the house, putting his foot down early and saying we're not going to have that same push back we saw. instead, i'm going to tell you what we're going to do and what this deal is going to look like and you'll fall into line. >> he got criticism because he negotiated a deal and then went back and tried to sell to the party. does he naed to do he need to d way around, get a set position and then go into discussions? >> i think that is the thinking this time around. and he has certainly recog
Search Results 0 to 2 of about 3